Legal Question in Admiralty Law in Florida
I am selling a boat and am letting the buyer make payments. I want to be sure I am not liable for him or the boat after the purchase. Should he title it in his name and put me as a lien holder so I can repo it if he falls behind on paying or do I keep the title in my name (as it is now) and have him sign a drawn up document stating he assumes all liability?
Asked on 5/21/12, 8:40 am
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
if you keep title, you are potentially liable.
Answered on 5/21/12, 9:48 am
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